CITY OFFICE REIT INC (CIO) Stock Fundamental Analysis
USA - NYSE:CIO - US1785871013 - REIT
6.93 USD
0 (0%)
6.93 USD
0 (0%)
Overall CIO gets a fundamental rating of 3 out of 10. We evaluated CIO against 128 industry peers in the Diversified REITs industry. CIO scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. CIO has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
CIO had negative earnings in the past year.
CIO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CIO reported negative net income in multiple years.
In the past 5 years CIO always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -9.62%, CIO is doing worse than 90.63% of the companies in the same industry.
CIO has a Return On Equity of -20.78%. This is amonst the worse of the industry: CIO underperforms 82.03% of its industry peers.
The Return On Invested Capital of CIO (1.55%) is worse than 75.78% of its industry peers.
CIO had an Average Return On Invested Capital over the past 3 years of 1.69%. This is in line with the industry average of 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -20.78% | ||
| ROIC | 1.55% |
ROA(3y)-0.59%
ROA(5y)5.55%
ROE(3y)-1.18%
ROE(5y)10.12%
ROIC(3y)1.69%
ROIC(5y)1.79%
1.3 Margins
CIO has a Operating Margin of 15.18%. This is in the lower half of the industry: CIO underperforms 64.84% of its industry peers.
In the last couple of years the Operating Margin of CIO has declined.
With a Gross Margin value of 60.44%, CIO is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of CIO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.18% | ||
| PM (TTM) | N/A | ||
| GM | 60.44% |
OM growth 3Y-7.81%
OM growth 5Y-2.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.77%
GM growth 5Y-1.27%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CIO is destroying value.
CIO has more shares outstanding than it did 1 year ago.
CIO has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CIO has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.52, we must say that CIO is in the distress zone and has some risk of bankruptcy.
CIO's Altman-Z score of 0.52 is in line compared to the rest of the industry. CIO outperforms 50.78% of its industry peers.
The Debt to FCF ratio of CIO is 41.21, which is on the high side as it means it would take CIO, 41.21 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 41.21, CIO is in the better half of the industry, outperforming 70.31% of the companies in the same industry.
CIO has a Debt/Equity ratio of 1.05. This is a high value indicating a heavy dependency on external financing.
CIO has a Debt to Equity ratio of 1.05. This is comparable to the rest of the industry: CIO outperforms 57.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 41.21 | ||
| Altman-Z | 0.52 |
ROIC/WACC0.25
WACC6.29%
2.3 Liquidity
A Current Ratio of 2.42 indicates that CIO has no problem at all paying its short term obligations.
CIO's Current ratio of 2.42 is amongst the best of the industry. CIO outperforms 85.94% of its industry peers.
A Quick Ratio of 2.42 indicates that CIO has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.42, CIO belongs to the top of the industry, outperforming 85.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.42 | ||
| Quick Ratio | 2.42 |
3. Growth
3.1 Past
The earnings per share for CIO have decreased strongly by -780.56% in the last year.
Looking at the last year, CIO shows a decrease in Revenue. The Revenue has decreased by -3.69% in the last year.
The Revenue has been growing slightly by 1.83% on average over the past years.
EPS 1Y (TTM)-780.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1800%
Revenue 1Y (TTM)-3.69%
Revenue growth 3Y1.43%
Revenue growth 5Y1.83%
Sales Q2Q%0%
3.2 Future
CIO is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.23% yearly.
Based on estimates for the next years, CIO will show a small growth in Revenue. The Revenue will grow by 2.35% on average per year.
EPS Next Y34.84%
EPS Next 2Y16.12%
EPS Next 3Y12.23%
EPS Next 5YN/A
Revenue Next Year-1.16%
Revenue Next 2Y1%
Revenue Next 3Y2.35%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for CIO. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for CIO. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CIO indicates a rather cheap valuation: CIO is cheaper than 82.03% of the companies listed in the same industry.
79.69% of the companies in the same industry are more expensive than CIO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.81 | ||
| EV/EBITDA | 10.52 |
4.3 Compensation for Growth
A more expensive valuation may be justified as CIO's earnings are expected to grow with 12.23% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y16.12%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
CIO has a Yearly Dividend Yield of 5.77%, which is a nice return.
Compared to an average industry Dividend Yield of 6.28, CIO has a dividend in line with its industry peers.
CIO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.77% |
5.2 History
The dividend of CIO decreases each year by -10.58%.
CIO has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-10.58%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
CIO has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-18.39%
EPS Next 2Y16.12%
EPS Next 3Y12.23%
6.93
0 (0%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners63.67%
Inst Owner Change-5.52%
Ins Owners4.33%
Ins Owner Change0%
Market Cap279.69M
Revenue(TTM)168.89M
Net Income(TTM)-127.80M
Analysts72.5
Price Target6.25 (-9.81%)
Short Float %1.2%
Short Ratio1.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.77% |
Yearly Dividend0.59
Dividend Growth(5Y)-10.58%
DP-18.39%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1198.68%
Min EPS beat(2)-2408.25%
Max EPS beat(2)10.89%
EPS beat(4)2
Avg EPS beat(4)-651.41%
Min EPS beat(4)-2408.25%
Max EPS beat(4)10.89%
EPS beat(8)4
Avg EPS beat(8)-335.39%
EPS beat(12)7
Avg EPS beat(12)-258.23%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.07%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)-0.85%
Revenue beat(4)0
Avg Revenue beat(4)-1.34%
Min Revenue beat(4)-2.8%
Max Revenue beat(4)-0.44%
Revenue beat(8)1
Avg Revenue beat(8)-1.18%
Revenue beat(12)3
Avg Revenue beat(12)-0.7%
Revenue beat(16)6
Avg Revenue beat(16)0%
PT rev (1m)-4.55%
PT rev (3m)-4.55%
EPS NQ rev (1m)13.04%
EPS NQ rev (3m)4.76%
EPS NY rev (1m)76.54%
EPS NY rev (3m)-1.27%
Revenue NQ rev (1m)-0.41%
Revenue NQ rev (3m)-1.1%
Revenue NY rev (1m)-0.28%
Revenue NY rev (3m)-0.8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.66 | ||
| P/FCF | 17.81 | ||
| P/OCF | 5.32 | ||
| P/B | 0.45 | ||
| P/tB | 0.47 | ||
| EV/EBITDA | 10.52 |
EPS(TTM)-3.17
EYN/A
EPS(NY)-0.4
Fwd EYN/A
FCF(TTM)0.39
FCFY5.61%
OCF(TTM)1.3
OCFY18.79%
SpS4.18
BVpS15.24
TBVpS14.61
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.62% | ||
| ROE | -20.78% | ||
| ROCE | 1.97% | ||
| ROIC | 1.55% | ||
| ROICexc | 1.58% | ||
| ROICexgc | 1.61% | ||
| OM | 15.18% | ||
| PM (TTM) | N/A | ||
| GM | 60.44% | ||
| FCFM | 9.3% |
ROA(3y)-0.59%
ROA(5y)5.55%
ROE(3y)-1.18%
ROE(5y)10.12%
ROIC(3y)1.69%
ROIC(5y)1.79%
ROICexc(3y)1.72%
ROICexc(5y)1.83%
ROICexgc(3y)1.79%
ROICexgc(5y)1.9%
ROCE(3y)2.14%
ROCE(5y)2.27%
ROICexgc growth 3Y-4.09%
ROICexgc growth 5Y-6.09%
ROICexc growth 3Y-3.25%
ROICexc growth 5Y-5.38%
OM growth 3Y-7.81%
OM growth 5Y-2.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.77%
GM growth 5Y-1.27%
F-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | 41.21 | ||
| Debt/EBITDA | 7.49 | ||
| Cap/Depr | 60.68% | ||
| Cap/Sales | 21.81% | ||
| Interest Coverage | 0.74 | ||
| Cash Conversion | 60.84% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.42 | ||
| Quick Ratio | 2.42 | ||
| Altman-Z | 0.52 |
F-Score5
WACC6.29%
ROIC/WACC0.25
Cap/Depr(3y)52.99%
Cap/Depr(5y)267.48%
Cap/Sales(3y)18.45%
Cap/Sales(5y)93.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-780.56%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-1800%
EPS Next Y34.84%
EPS Next 2Y16.12%
EPS Next 3Y12.23%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.69%
Revenue growth 3Y1.43%
Revenue growth 5Y1.83%
Sales Q2Q%0%
Revenue Next Year-1.16%
Revenue Next 2Y1%
Revenue Next 3Y2.35%
Revenue Next 5YN/A
EBIT growth 1Y-9.87%
EBIT growth 3Y-6.49%
EBIT growth 5Y-1.18%
EBIT Next Year231.49%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-23.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.4%
OCF growth 3Y-7.01%
OCF growth 5Y3.53%
CITY OFFICE REIT INC / CIO FAQ
What is the fundamental rating for CIO stock?
ChartMill assigns a fundamental rating of 3 / 10 to CIO.
Can you provide the valuation status for CITY OFFICE REIT INC?
ChartMill assigns a valuation rating of 2 / 10 to CITY OFFICE REIT INC (CIO). This can be considered as Overvalued.
How profitable is CITY OFFICE REIT INC (CIO) stock?
CITY OFFICE REIT INC (CIO) has a profitability rating of 2 / 10.
Can you provide the financial health for CIO stock?
The financial health rating of CITY OFFICE REIT INC (CIO) is 5 / 10.
Can you provide the dividend sustainability for CIO stock?
The dividend rating of CITY OFFICE REIT INC (CIO) is 4 / 10 and the dividend payout ratio is -18.39%.